24 European banks fail EBA stress test

Twenty-four European banks have failed stress tests of their finances, the European Banking Authority (EBA) has announced, reports BBC.
The banks now have nine months to shore up their finances or risk being shut down. No UK banks are included.
The review was based on the banks' financial health at the end of 2013.
Ten of them have taken measures to bolster their balance sheets in the meantime. All the remaining 14 banks are in the eurozone.
The health check was carried out on 123 EU banks by the EBA to determine whether they could withstand another financial crisis.
The list of 14 includes four Italian banks, two Greek banks, two Belgian banks and two Slovenian banks.
The worst affected was Italian bank Monte dei Paschi, which had a capital shortfall of €2.1bn (£1.65bn, $2.6bn).
BBC World Service economic correspondent Andrew Walker says concerns about banks were a central element in the eurozone financial crisis and in some countries, their weakness remains a factor holding back economic growth.
Four UK banks were subjected to the EBA test: Royal Bank of Scotland, HSBC, Lloyds Banking Group and Barclays.
None of them failed the test, but Lloyds passed narrowly, with capital under adverse scenarios of 6.2%, not far from the 5.5 per cent benchmark.